21 Jul WHAT ASSUMPTIONS ABOUT THE ECONOMY MUST BE TRUE FOR THE INVISIBLE HAND TO WORK?
What assumptions about the economy must be true for the invisible hand to work? To what extent are t Show more What assumptions about the economy must be true for the invisible hand to work? To what extent are those assumptions valid in the real world? Do economists have any particular expertise at making normative arguments? In other words they have expertise at making positive statements (i.e. what will happen) about some economic policy for example do they have special expertise to judge whether or not the policy should be undertaken? Grading Criteria This is an essay assignment. Please be sure to proof read your work and write in details from your learning. Use For example and specific terms from the learning materials. 200-500 word answers and here is the textbook link http://cnx.org/contents/QGHIMgmO@10.233:JgDXaOLP@11/Introduction chapter 1 and 2 Show less
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